The moves towards organizational efficiency are projected to generate $14-$15 million a year in benefits, $6-$7 million for fiscal year 2018, along with further benefits as strategies are finalized and implemented. Cost, including third party consultants, is expected to be in the range of $15-$16 million for fiscal year 2018.

Restructuring is expected to generate annual benefits in the range of $12-$14 million a year, $8 million in fiscal year 2018. Restructuring charges will be in the range of $28-$20 million, most in the current fiscal year, including $6 million recorded in the company’s fiscal first quarter (which ended December 31, 2017).

“We have dedicated a substantial amount of work over the last several months into the development of initiatives that we expect will generate meaningful financial benefits, within both product margin and G&A expenses,” said president and CEO Chris Brickman. “We plan to utilize these benefits to maintain our profitability and fund the key investments required to transform the business and intensify our focus on our most differentiated categories—hair color and hair care.”